Putnam Municipal Opportunities Trust (NYSE:PMO) Shares Purchased by Cyndeo Wealth Partners LLC

Cyndeo Wealth Partners LLC increased its position in shares of Putnam Municipal Opportunities Trust (NYSE:PMO) by 17.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 38,629 shares of the financial services provider’s stock after acquiring an additional 5,836 shares during the period. Cyndeo Wealth Partners LLC’s holdings in Putnam Municipal Opportunities Trust were worth $391,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. International Assets Investment Management LLC raised its holdings in Putnam Municipal Opportunities Trust by 1,000.7% during the third quarter. International Assets Investment Management LLC now owns 12,944 shares of the financial services provider’s stock worth $141,000 after purchasing an additional 11,768 shares during the last quarter. HighTower Advisors LLC acquired a new position in Putnam Municipal Opportunities Trust during the third quarter worth $267,000. Pathstone Holdings LLC acquired a new position in Putnam Municipal Opportunities Trust during the third quarter worth $3,898,000. Stifel Financial Corp raised its holdings in Putnam Municipal Opportunities Trust by 9.3% during the third quarter. Stifel Financial Corp now owns 35,601 shares of the financial services provider’s stock worth $388,000 after purchasing an additional 3,040 shares during the last quarter. Finally, Rivernorth Capital Management LLC raised its holdings in Putnam Municipal Opportunities Trust by 61.4% during the third quarter. Rivernorth Capital Management LLC now owns 179,697 shares of the financial services provider’s stock worth $1,959,000 after purchasing an additional 68,382 shares during the last quarter. 20.40% of the stock is owned by institutional investors and hedge funds.

Putnam Municipal Opportunities Trust Stock Up 0.4 %

Shares of PMO stock opened at $10.29 on Friday. The stock has a fifty day moving average price of $10.34 and a 200 day moving average price of $10.47. Putnam Municipal Opportunities Trust has a 1 year low of $9.69 and a 1 year high of $10.96.

Putnam Municipal Opportunities Trust Dividend Announcement

The business also recently declared a monthly dividend, which will be paid on Monday, February 3rd. Shareholders of record on Friday, January 24th will be given a dividend of $0.035 per share. This represents a $0.42 annualized dividend and a yield of 4.08%. The ex-dividend date is Friday, January 24th.

About Putnam Municipal Opportunities Trust

Putnam Municipal Opportunities Trust is a closed ended fixed income mutual fund launched and managed by Putnam Investment Management, LLC. The fund is co-managed by Putnam Investments Limited. It invests in fixed income markets of United States. The fund invests in companies operating across healthcare, utilities, transportation, water and sewer, and housing sectors.